Archives for August 2017

Wallingford PA Real Estate – August 21, 2017 To August 27, 2017

August 29, 2017 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 71 homes listed for sale in Wallingford PA and Nether Providence Township on August 29, 2017 with an average asking price of $373,690.

Home prices continue to rise and more homeowners are tapping into their home equity, making home equity lines of credit and cash-out mortgage refinances popular again.

Home equity line originations jumped 8% to nearly $46 billion in the second quarter. That is the highest level since 2008, according to data from Equifax, a credit reporting firm. Cash-out mortgage refinances reached $15 billion, a 6% increase from a year ago, according to Freddie Mac.

Wallingford Market Snapshot – 71 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$373,690	$349,900	$45,000	$779,999	108

Single/Twin Market Snapshot – 54 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$420,720	$422,250	$45,000	$779,999	108

Townhouse/Condo Market Snapshot – 17 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$224,298	$192,000	$105,000	$490,000	111

*DOM = Days On Market

2 Wallingford PA homes went under contract

5 new listings came onto the market

No listings expired

3 listings were withdrawn from the market

22 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold August 21, 2017 To August 27, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
119 W Possum Hollow Road	4	2.2	$533,750	08/21/17	4
28 Green Valley Road	3	1.1	$412,000	08/22/17	13
409 Hawthorne Road	3	2.0	$338,000	08/23/17	111
303 Governors Drive	4	2.1	$351,000	08/23/17	71
Average			$408,688		50

3 homes sold with a Seller Assist

– 28 Green Valley Road – $1,000

– 409 Hawthorne Road – $6,025

– 303 Governors Drive – $4,100

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – August 14, 2017 To August 20, 2017

August 22, 2017 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 73 homes listed for sale in Wallingford PA and Nether Providence Township on August 22, 2017 with an average asking price of $381,156.

A property that offers a great outdoor space is taking a higher priority among home buyers. In fact, home shoppers recently surveyed said they would be willing to sacrifice some space from a larger house in order to get a bigger yard.

More than half of 1,000 buyers recently surveyed – or 56% – said they’d be willing to sacrifice square footage in a home for a great outdoor space. The survey was conducted by Wakefield Research on behalf of Taylor Morrison, a national home builder.

Wallingford Market Snapshot – 73 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$381,156	$360,900	$105,000	$779,999	111

Single/Twin Market Snapshot – 58 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$423,745	$422,250	$125,000	$779,999	109

Townhouse/Condo Market Snapshot – 15 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$216,478	$192,000	$105,000	$490,000	118

*DOM = Days On Market

2 Wallingford PA homes went under contract

3 new listings came onto the market

No listings expired

2 listings were withdrawn from the market

24 homes are Under Contract at this time

2 Wallingford PA homes sold last week

Wallingford Homes Sold August 14, 2017 To August 20, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
604 Crum Creek Road	4	4.0	$612,500	08/15/17	32
202 Avondale Road	4	2.1	$330,000	08/19/17	99
Average			$471,250		66

Neither home sold with a Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – August 7, 2017 To August 13, 2017

August 15, 2017 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 74 homes listed for sale in Wallingford PA and Nether Providence Township on August 15, 2017 with an average asking price of $369,110.

Inventory of available homes on the market is the lowest it’s been in two decades, but the reasons may surprise you. Two of the likely culprits are baby boomers and homeowners who are simply satisfied with their home, according to realtor.com®’s Housing Shortage Study.

Baby boomers are showing a desire to age in place in their current homes, and their refusal to sell is creating a clog in the market, according to the study. Eighty-five percent of baby boomers surveyed say they are not planning to sell their home in the next year. That means 33 million properties—many of which are urban condos or suburban single-family homes—will stay off the market. Many of those properties would be popular choices for millennials, a generation still largely waiting in the wings to break into homeownership.

Wallingford Market Snapshot – 74 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$369,110	$349,900	$104,900	$779,999	104

Single/Twin Market Snapshot – 57 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$418,251	$419,500	$125,000	$779,999	105

Townhouse/Condo Market Snapshot – 17 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$204,345	$192,000	$104,900	$499,000	99

*DOM = Days On Market

2 Wallingford PA homes went under contract

4 new listings came onto the market

No listings expired

3 listings were withdrawn from the market

25 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold August 7, 2017 To August 13, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
301 Moore Road	3	1.0	$160,000	08/07/17	4
211 Walnut Road	3	2.0	$204,500	08/10/17	101
118 Ash Road	3	1.1	$183,500	08/11/17	21
Average			$182,667		42

All 3 homes sold with a Seller Assist

– 301 Moore Road – $9,600

– 211 Walnut Road – $6,135

– 118 Ash Road – $11,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – July 31, 2017 To August 6, 2017

August 8, 2017 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 77 homes listed for sale in Wallingford PA and Nether Providence Township on August 8, 2017 with an average asking price of $389,301.

A third of recent home buyers ages 18 to 36 say their decision to purchase was based on the desire for a larger property with a yard for their dog, according to a survey conducted by Harris Poll on behalf of SunTrust Mortgage. While 33% of 412 millennials surveyed listed their pet as their top homebuying motivation, 25% listed marriage and 19% listed the birth of a child. The only factors respondents ranked higher than dogs are the desire for more overall living space (66%) and the opportunity to build equity (36%).

Wallingford Market Snapshot – 77 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$389,301	$364,900	$104,900	$789,999	100

Single/Twin Market Snapshot – 63 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$428,900	$434,900	$125,000	$789,999	98

Townhouse/Condo Market Snapshot – 14 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$210,705	$193,298	$104,900	$499,000	110

*DOM = Days On Market

4 Wallingford PA homes went under contract

2 new listings came onto the market

1 listing expired

2 listings were withdrawn from the market

26 homes are Under Contract at this time

11 Wallingford PA homes sold last week

Wallingford Homes Sold July 31 2017 To August 6, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
721 Columbus Court	3	2.1	$225,000	07/31/17	65
110 Sycamore Lane	4	3.1	$581,000	07/31/17	9
55 Green Valley Road	3	1.1	$412,000	07/31/17	12
315 Prichard Lane	4	2.1	$436,000	07/31/17	3
1 Strathmore Court	5	3.1	$699,000	08/01/17	380
422 Oak Valley Road	4	3.0	$591,000	08/01/17	6
111 Canterbury Drive	3	1.1	$358,000	08/01/17	4
1010 Glen Road	5	2.1	$323,500	08/04/17	63
722B Putnam Blvd	2	1.0	$101,000	08/04/17	69
109 Cameron Drive	3	2.1	$285,000	08/04/17	22
822 Parkridge Drive	4	3.1	$562,000	08/04/17	6
Average			$415,773		58

3 homes sold with a Seller Assist

– 721 Columbus Court – $6,750

– 110 Sycamore Lane – $12,000

– 1 Strathmore Court – $40,500

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – July 2017

August 7, 2017 by admin

July 2017 finishes with 27 closed sales surpassing last year’s total by 6 homes. The average sales price came in at $312,826 which is a 4.9% decrease in the average sales price over last year. The 27 sales were comprised of 18 single family homes, 7 condos, 1 townhome, and 1 twin. A total of $8,446,300 of real estate changed hands during the month.

Eighteen single family homes sold for an average price of $405,600 and averaged 26 days on the market. Last July 15 single family homes sold for an average price of $396,932.

The highest selling price for the month was $595,000 for 500 E Country Club Lane.

There were 9 listings that went under contract during the month, all were single family homes. The average asking price was $501,644 and were on the market an average of 66 days.

There are are 18 future settlements scheduled with 11 in August and 7 in September.

Wallingford PA Closed Home Transactions July 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
719 Oxford Lane	4	2.1	$369,900	07/07/17	4
202 Martroy Lane	3	2.0	$400,000	07/07/17	28
705 Harvey Road	4	2.0	$275,000	07/09/17	20
610 School Lane	3	1.1	$295,000	07/10/17	21
303 Henry Lane	4	2.0	$360,,000	07/12/17	16
718B Putnam Blvd	2	1.0	$110,000	07/12/17	10
211 Martroy Lane	4	2.1	$539,000	07/14/17	8
374B Saybrook Lane	2	1.0	$92,000	07/14/17	77
619 Morris Lane	3	2.1	$335,000	07/14/17	19
108 Beech Road	3	2.0	$216,000	07/14/17	7
300 Fairfield Drive	4	2.2	$475,000	07/14/17	3
500 E Country Club Lane	4	3.1	$595,000	07/17/17	8
605 Vernon Street	3	1.0	$190,000	07/17/17	13
209 Woodward Road	5	3.1	$570,000	07/18/17	28
700 Avondale Road #6I	2	2.0	$115,000	07/19/17	23
700B Putnam Blvd	2	1.0	$113,500	07/25/17	14
10 Waterford Way	4	2.1	$419,900	07/27/17	161
912 Surrey Road	4	2.1	$412,000	07/27/17	100
302A Saybrook Lane	2	1.0	$100,000	07/27/17	72
700 Avondale Road #3E	2	2.0	$105,000	07/27/17	99
906 Surrey Road	3	2.1	$420,000	07/27/17	13
740B Putnam Blvd	2	1.0	$103,000	07/28/17	8
427 Saybrook Lane	2	2.1	$182,000	07/28/17	11
721 Columbus Court	3	2.1	$225,000	07/31/17	65
110 Sycamore Lane	4	3.1	$581,000	07/31/17	9
55 Green Valley Road	3	1.1	$412,000	07/31/17	14
315 Prichard Lane	4	2.1	$436,000	07/31/17	3
Average			$312,826		31

* DOM = Days On Market

10 of 27 homes sold with a Seller Assist:

– 610 School Lane – $9,250

– 211 Martroy Lane – $200

– 374B Saybrook Lane – $500

– 700 Avondale Road #6I – $6,900

– 10 Waterford Way – $7,000

– 700 Avondale Road #3E – $2,000

– 906 Surrey Road – $2,000

– 427 Saybrook Lane – $5,460

– 721 Columbus Court – $6,750

– 110 Sycamore Lane – $12,000

Financing Methods

– Conventional Mortgage – 19 transactions

– Cash – 4 transactions

– FHA Mortgage – 2 transactions

VA Mortgage – 2 transactions

**WALLINGFORD SINGLE HOMES – JULY 2017 – 18 SALES**
Avg Price	Median Price	Low	High	DOM*
$405,600	$412,000	$190,000	$595,000	26

**WALLINGFORD CONDOS – JULY 2017 – 7 SALES**
Avg Price	Median Price	Low	High	DOM*
$105,500	$105,000	$92,000	$115,000	43

**WALLINGFORD TOWNHOUSES – JULY 2017 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$182,000	$182,000	$182,000	$182,000	11

**WALLINGFORD TWIN HOMES – JULY 2017 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$225,000	$225,000	$225,000	$225,000	65

**WALLINGFORD – JULY 2016 VS JULY 2017**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2016	21	$328,975	94	93.9%	97.1%
2017	27	$312,826	31	97.5%	98.1%
	28.6%	-4.9%	-67.1%	3.6%	1.0%

Wallingford PA Real Estate – Wallingford, PA 19086

Archives for August 2017

S. Clark Kendus